A Collection of Information Available to the public. "We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with
certain unalienable Rights, that among these are Life, Liberty, and the pursuit of Happiness." This IS IT ~ TIME to reclaim our Freedom from an out of control Tyrannical Government. LIVE FREE and Fight the Good Fight To Keep That Right.

With oil pump jacks as a backdrop, President Barack Obama speaks at an oil and gas field on federal lands Wednesday, March 21, 2012, in Maljamar, N.M. (AP Photo/Ross D. Franklin)

The U.S. Department of Energy backed hundreds of millions of dollars in loans for discredited solar power start-ups whose corporate debt was already sullied with “junk” ratings by Standard & Poor’s and Fitch Ratings, two of the world’s leading credit agencies, a federal government investigation has shown.

Despite the finding, Energy Secretary Steven Chu vigorously defended the ethics of his agency in a hearing last week held by House Oversight Committee Chairman Rep. Darrell Issa.

Details are emerging this week about the Energy Department’s practices that indicate the agency spent a disproportionate amount of funding on these tainted solar power projects.

Congressional aides interviewed personnel at Fitch and S&P, and officials inside Obama’s Energy Department, as part of their investigation.

A company called Solopower was cited in a “dire” warning by S&P, which accurately forecast that the firm would “fail to meet its debt obligations.” Nonetheless, it received $170 million in federal funding guarantees, investigators told The Daily Caller.

Another company, Abound Solar, was approved for a $400 million loan guarantee by Obama officials, investigators said. Fitch Ratings, however, had earlier assigned a “junk credit” rating to Abound. Fitch deemed the firm “highly speculative” and “lagging in technology” behind its competitors.

It was also rated less creditworthy than Solyndra, another infamous administration solar power investment, which caused scandal for the White House last year when it declared bankruptcy.

“The markets were expressing a sense of caution on these firms,” Jeffrey Solsby, a senior aide to Issa, told TheDC. “The administration did not have this same sense of caution.”

Earlier this month, About Solar announced that it would stop producing solar power panels and lay off 180 employees. Before the disclosure, the company had already spent $70 million of its awarded federal funds.

Bright Source Energy, which received a $1.6 billion federal loan guarantee to build a solar power plant, has spent some $56 million on a “desert tortoise relocation program.” And Beacon Power, which received Energy Department funding, went bankrupt — but not before paying three executives more than $250,000 in “bonuses” in March 2010.

Foreign firms also received loan guarantees from the federal government as part of the program. One such overseas company was Spain’s Abengoa, another corporation with a poor credit rating, which rounded out the energy department’s junk bond portfolio.

Federal investigators told TheDC that an audit of these loans and loan guarantees indicated that the administration “ignored” clear warning signs of a “likely loss” of taxpayer dollars. Investigators also said the administration exercised “improper influence” in the approval of loan guarantees to favored companies “through manipulation of analysis — defrauding taxpayers and misappropriating assets.”

Even more damning allegations, which suggest that former Obama administration officials and campaign bundlers received a sizable share of those federal funds, are now surfacing.

Christine Lakatos, a researcher and conservative writer who has followed the emerging scandals for several years at the blog Green Corruption, told TheDC the administration is engaging in “crony capitalism with ‘green’ dollars.”

Lakatos claimed the scandal goes deeper than Rep. Issa and his investigators have detected. She said companies linked to contribution “bundlers” from President Obama’s 2008 campaign received about 80 percent of the “green energy” loans made by the Energy Department during the last three years.

"There is but one law for all, namely that law which governs all law, the Law of our Creator, the law of humanity, justice and equity. That is the law of Nature and of Nations." – Edmund Burke, 1780

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A MUST Read... Critical Information

The Blueprint - Obama's Plan to Subvert the Constitution and Build an Imperial Presidency

“America is the greatest country on Earth and we are going to change it.” Barack Obama

MUST SEE, Congressman Gowdy rips Obama to Shreds

Since taking office, Obama has invested billions of taxpayer dollars in private businesses, including as part of his stimulus spending bill. Many of those investments have turned out to be unmitigated disasters — leaving in their wake bankruptcies, layoffs, criminal investigations and taxpayers on the hook for billions...............Didn't think you were hiring a stock broker when you voted him in did you? Obama thinks your money is his to piss away on big likely to fail companies (more like funnels for cronies to sift dollars through the untraceable system of alternative energy company fronts) Where did the trillions go? He's still in office....THAT'S where the staggering amount of tax payer's dollars went: payoffs, bribes, organized mob scenes, extravagant daily life on top of wildly frequent vacations, just to mention a few.

Justice For Border Agent Brian Terry

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.

We are making such material available in our efforts to advance understanding of issues of ecological, political and humanitarian significance.

We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law.

In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.

When He Speaks...

Our Ever-GrowingNational Debt

Smith Act of 1940

The Alien Registration Act of 1940, usually called the Smith Act because the antisedition section was authored by Representative Howard W. Smith of Virginia, was adopted at 54 Statutes at Large 670-671 (1940). The Act has been amended several times and can now be found at 18 U.S. Code § 2385 (2000).

§ 2385. Advocating Overthrow of Government.

Whoever knowingly or willfully advocates, abets, advises, or teaches the duty, necessity, desirability, or propriety of overthrowing or destroying the government of the United States or the government of any State, Territory, District or Possession thereof, or the government of any political subdivision therein, by force or violence, or by the assassination of any officer of any such government; or

Whoever, with intent to cause the overthrow or destruction of any such government, prints, publishes, edits, issues, circulates, sells, distributes, or publicly displays any written or printed matter advocating, advising, or teaching the duty, necessity, desirability, or propriety of overthrowing or destroying any government in the United States by force or violence, or attempts to do so; or

Whoever organizes or helps or attempts to organize any society, group, or assembly of persons who teach, advocate, or encourage the overthrow or destruction of any such government by force or violence; or becomes or is a member of, or affiliates with, any such society, group, or assembly of persons, knowing the purposes thereof--

Shall be fined under this title or imprisoned not more than twenty years, or both, and shall be ineligible for employment by the United States or any department or agency thereof, for the five years next following his conviction.

If two or more persons conspire to commit any offense named in this section, each shall be fined under this title or imprisoned not more than twenty years, or both, and shall be ineligible for employment by the United States or any department or agency thereof, for the five years next following his conviction.

As used in this section, the terms "organizes" and "organize", with respect to any society, group, or assembly of persons, include the recruiting of new members, the forming of new units, and the regrouping or expansion of existing clubs, classes, and other units of such society, group, or assembly of persons.

OBAMA AND OBAMACRATS ARE IN VIOLATION OT THE SMITH ACT. "ANY GROUP" IS NOT EXCLUSIONARY OF THAT WHICH RESIDES WITHIN THE "GOVERNMENT" . THIS IS THE LEAST OF HIS CRIMES.

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